Rediscount and Advance Transactions are Amended

Interest Rates to be Applied in Rediscount and Advance Transactions Have Been Determined: On 1 December 2023, the Communiqué on Determination of Interest Rates for Rediscount and Advance Transactions (“Communiqué”) was published in the Official Gazette and entered into force on the same date. According to the Communique, the TCMB determined an annual interest rate